EX-99 3 ex99a-variable.txt OPPENHEIMER VARIABLE ACCOUNT FUNDS ROCSOP-OPPENHEIMER STRATEGIC BOND FUND/VA ----------------------------------------- Net investment income (loss) and net realized gain (loss) may differ for financial statement and tax purposes. The character of dividends and distributions made during the fiscal year from net investment income or net realized gains may differ from their ultimate characterization for federal income tax purposes. Also, due to timing of dividends and distributions, the fiscal year in which amounts are distributed may differ from the fiscal year in which the income or net realized gain was recorded by the Fund. Accordingly, the following amounts have been reclassified for December 31, 2005. Net assets of the Fund were unaffected by the reclassifications. INCREASE TO INCREASE TO ACCUMULATED ACCUMULATED NET NET REALIZED LOSS INVESTMENT INCOME ON INVESTMENTS ------------------------------------------- $10,294,877 $10,294,877 ROCSOP-OPPENHEIMER MAIN STREET SMALL CAP FUND/VA ------------------------------------------------ Net investment income (loss) and net realized gain (loss) may differ for financial statement and tax purposes. The character of dividends and distributions made during the fiscal year from net investment income or net realized gains may differ from their ultimate characterization for federal income tax purposes. Also, due to timing of dividends and distributions, the fiscal year in which amounts are distributed may differ from the fiscal year in which the income or net realized gain was recorded by the Fund. Accordingly, the following amounts have been reclassified for December 31, 2005. Net assets of the Fund were unaffected by the reclassifications. REDUCTION INCREASE TO ACCUMULATED NET INCREASE TO ACCUMULATED NET REALIZED GAIN TO PAID-IN CAPITAL INVESTMENT INCOME ON INVESTMENTS (4) ---------------------------------------------------------------- $ 802,069 $ 50,741 $ 852,810 4. $802,069, including $760,121 of long-term capital gain, was distributed in connection with Fund share redemptions. ROCSOP-OPPENHEIMER GLOBAL SECURITIES FUND/VA -------------------------------------------- Net investment income (loss) and net realized gain (loss) may differ for financial statement and tax purposes. The character of dividends and distributions made during the fiscal year from net investment income or net realized gains may differ from their ultimate characterization for federal income tax purposes. Also, due to timing of dividends and distributions, the fiscal year in which amounts are distributed may differ from the fiscal year in which the income or net realized gain was recorded by the Fund. Accordingly, the following amounts have been reclassified for December 31, 2005. Net assets of the Fund were unaffected by the reclassifications. REDUCTION TO INCREASE TO ACCUMULATED NET INCREASE TO ACCUMULATED NET REALIZED GAIN PAID-IN CAPITAL INVESTMENT INCOME ON INVESTMENTS (4) ------------------------------------------------------------------------- $23,806,559 $8,725,773 $32,532,332 4. $23,806,559, all of which was long-term capital gain, was distributed in connection with Fund share redemptions. ROCSOP-OPPENHEIMER CAPITAL APPRECIATION FUND/VA -------------------------------------------- Net investment income (loss) and net realized gain (loss) may differ for financial statement and tax purposes. The character of dividends and distributions made during the fiscal year from net investment income or net realized gains may differ from their ultimate characterization for federal income tax purposes. Also, due to timing of dividends and distributions, the fiscal year in which amounts are distributed may differ from the fiscal year in which the income or net realized gain was recorded by the Fund. Accordingly, the following amounts have been reclassified for December 31, 2005. Net assets of the Fund were unaffected by the reclassifications. REDUCTION TO REDUCTION TO ACCUMULATED ACCUMULATED NET NET INVESTMENT REALIZED LOSS INCOME ON INVESTMENTS ---------------------------------------- $221,093 $221,093 ROCSOP-OPPENHEIMER AGGRESSIVE GROWTH FUND/VA -------------------------------------------- Net investment income (loss) and net realized gain (loss) may differ for financial statement and tax purposes. The character of dividends and distributions made during the fiscal year from net investment income or net realized gains may differ from their ultimate characterization for federal income tax purposes. Also, due to timing of dividends and distributions, the fiscal year in which amounts are distributed may differ from the fiscal year in which the income or net realized gain was recorded by the Fund. Accordingly, the following amounts have been reclassified for December 31, 2005. Net assets of the Fund were unaffected by the reclassifications. REDUCTION TO REDUCTION TO ACCUMULATED NET PAID-IN CAPITAL INVESTMENT LOSS ------------------------------------------- $3,250,239 $3,250,239 ROCSOP-OPPENHEIMER CORE BOND FUND/VA ------------------------------------ Net investment income (loss) and net realized gain (loss) may differ for financial statement and tax purposes. The character of dividends and distributions made during the fiscal year from net investment income or net realized gains may differ from their ultimate characterization for federal income tax purposes. Also, due to timing of dividends and distributions, the fiscal year in which amounts are distributed may differ from the fiscal year in which the income or net realized gain was recorded by the Fund. Accordingly, the following amounts have been reclassified for December 31, 2005. Net assets of the Fund were unaffected by the reclassifications. INCREASE TO INCREASE TO ACCUMULATED NET ACCUMULATED NET REALIZED LOSS INVESTMENT INCOME ON INVESTMENTS -------------------------------------------- $2,048,955 $2,048,955 ROCSOP-OPPENHEIMER HIGH INCOME FUND/VA -------------------------------------- Net investment income (loss) and net realized gain (loss) may differ for financial statement and tax purposes. The character of dividends and distributions made during the fiscal year from net investment income or net realized gains may differ from their ultimate characterization for federal income tax purposes. Also, due to timing of dividends and distributions, the fiscal year in which amounts are distributed may differ from the fiscal year in which the income or net realized gain was recorded by the Fund. Accordingly, the following amounts have been reclassified for December 31, 2005. Net assets of the Fund were unaffected by the reclassifications. REDUCTION TO REDUCTION TO ACCUMULATED NET ACCUMULATED NET REALIZED LOSS ON INVESTMENT INCOME INVESTMENTS ----------------------------------------------- $44,725 $44,725 ROCSOP-OPPENHEIMER MAIN STREET FUND/VA -------------------------------------- Net investment income (loss) and net realized gain (loss) may differ for financial statement and tax purposes. The character of dividends and distributions made during the fiscal year from net investment income or net realized gains may differ from their ultimate characterization for federal income tax purposes. Also, due to timing of dividends and distributions, the fiscal year in which amounts are distributed may differ from the fiscal year in which the income or net realized gain was recorded by the Fund. Accordingly, the following amounts have been reclassified for December 31, 2005. Net assets of the Fund were unaffected by the reclassifications. INCREASE TO INCREASE TO ACCUMULATED ACCUMULATED NET NET INVESTMENT REALIZED LOSS INCOME ON INVESTMENTS ------------------------------------------- $2,062 $2,062 ROCSOP-OPPENHEIMER BALANCED FUND/VA ----------------------------------- Net investment income (loss) and net realized gain (loss) may differ for financial statement and tax purposes. The character of dividends and distributions made during the fiscal year from net investment income or net realized gains may differ from their ultimate characterization for federal income tax purposes. Also, due to timing of dividends and distributions, the fiscal year in which amounts are distributed may differ from the fiscal year in which the income or net realized gain was recorded by the Fund. Accordingly, the following amounts have been reclassified for December 31, 2005. Net assets of the Fund were unaffected by the reclassifications. REDUCTION TO INCREASE TO ACCUMULATED NET INCREASE ACCUMULATED NET REALIZED GAIN TO PAID-IN CAPITAL INVESTMENT INCOME ON INVESTMENTS (5) ------------------------------------------------------------------------ $2,276,220 $946,659 $3,222,879 5. $2,276,220, including $1,962,296 of long-term capital gain, was distributed in connection with Fund share redemptions.